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Gazundering
GAZUNDERING

Definition: (British English) The act of offering a lower price for a house that you have already agreed to buy at a higher price, before the contract is signed.
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* All nine elements would be in.


1. Purposeful and considered a necessity in your opinion.

2. Reduction of the offer is not as the result of lack of finance or shortage of funds (to emphasize).

3. Reduced offer is substantially lower than previous amount offered.

4. No serious disagreement or quarrel arises from the approach, even if vituperation and curses follow from the seller-to-be.

5. The new lower price offered is accepted (to emphasize, connect to #6).

6. Contract is written or rewritten/redrafted and signed. That is, the lowering occurs only once.

7. Value or worth of house does not decline between time of first (= higher) offer and the time second (= lower) offer was concluded, and property paid for.

8. Money 'saved' from strategy is used wisely or productively.

9. A financial loss does not occur to seller from transaction. That is, seller still makes reasonable profit from sale.
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